Pratibha Industries tumbled 6% to Rs 292.50 at
The scrip had touched a high of Rs 300 and a low of Rs 290 so far during the day. The stock had hit a 52-week high of Rs 469.80 on
The small-cap construction firm has an equity capital of Rs 16.69 crore. Face value per share is Rs 10.
At the current price of Rs 292.50, the scrip trades at a PE multiple of 11.03, based on Q3 December 2007 annualised EPS of Rs 26.51.
The net profit of Pratibha Industries rose 69.1% to Rs 11.06 crore on 81.3% rise in sales to Rs 149.52 crore in Q3 December 2007 over Q3 December 2006.
The board also approved merging Pratibha Shareholding and One Metro India into Pratibha Industries, the company said in a statement.
The board will issue 137 shares of Pratibha Industries for each share held in Pratibha Shareholding and 13 shares for every 27 held in One Metro
The company is engaged in constructing buildings and infrastructure development projects. It designs and constructs integrated water transmission including treatment, re-cyclanation, storage and distribution projects, water treatment plants, elevated and underground reservoirs, mass housing including real estate projects, commercial complexes, precast design and construction and road construction services.
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